Senior Risk Manager

Trading212

About The Position

The Senior Risk Manager will play a crucial role in supporting the business to embed the Risk Management Framework and manage and mitigate risks across the organisation. You will be responsible for liaising with the first line of defence to support them in identifying and understanding their risk profile, assessing the design and effectiveness of controls and procedures, ensuring these align with internal policies. This role requires a deep understanding of financial markets, trading practices, and global best practices for risk management frameworks.

Requirements

Extensive knowledge of risk management principles and practices.
Strong analytical and strategic thinking abilities.
High attention to detail and risk assessment skills.
Effective communication and leadership capabilities.
Understanding of the FCA’s MiFIDPRU framework, wind-down planning, and operational resilience
Financial management, particularly capital and liquidity management.
Management and understanding of market risk in a retail client base.
Ability to develop and implement risk mitigation strategies.
Proficiency in risk management software and tools.

Nice To Haves

Outsourcing/TPRM experience is good to have.

Responsibilities

Ensure the organisation’s approach to the management of risk is aligned with its risk appetite and strategy.
Facilitate delivery and maintenance of Risk and Control Risk Assessments (RCSAs), ensuring appropriate oversight of risk identification, assessment and treatment are performed in line with risk appetite.
Perform periodic independent second line of defence assurance through the delivery of individual controls testing and thematic assurance reviews.
Identify gaps in the control environment and work with the first line of defence to determine remediation plans, ensuring progress is tracked and reported on through governance.
Deliver Top-Down Risk Assessments through engaging with senior management and subject matter experts to identify material risks the Firm are exposed to.
Maintenance of the legal entity Risk Register and overseeing the maintenance of thematic Risk Registers, including the Fraud Risk Register, Market Abuse Risk Register and Business Wide Financial Crime Risk Assessment.
Participating in the ICARA process, ensuring all relevant risks are captured, quantified and adequately stressed.
Providing oversight of risk events by working with first line colleagues to understand the root cause of events, their impact on the Firm and what corrective and preventive actions are required to remediate.
Demonstrating a solid understanding of liquidity risk management.
Delivering coherent, transparent and rigorous risk governance reporting.
Delivery of Risk projects to develop, evolve and enhance both the design and embeddedness of the Firm’s Risk Management Framework and supporting processes.
Provide an overview and challenge of the trading risk to which the firm is exposed.
Ensure appropriate horizon scanning processes are implemented to identify and manage emerging risks.
Providing second line risk reviews for new product and feature launches, and strategic and regulatory change initiatives, ensuring risk is identified from the offset, with downstream impacts managed and aligned to risk appetite.
Support the identification and enhancement of both qualitative and quantitative risk appetite measures, ensuring these are tracked with any breach escalated and remediated in line with risk appetite.
Preparing and presenting thematic risk reports and assessments to senior management and governance bodies.
Fostering a healthy Risk Culture by promoting the view that risk management is a universal responsibility by encouraging open and transparent discussions without fear of retaliation.